Cloudera (CLDR) Issues FY20 Earnings Guidance

Cloudera (NYSE:CLDR) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.36)-($0.32) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.10. The company issued revenue guidance of $835-$855 million, compared to the consensus revenue estimate of $942.19 million.Cloudera also updated its FY 2020 guidance to $-0.36–0.32 EPS.

CLDR stock traded up $0.25 during trading on Wednesday, hitting $14.61. 9,699,412 shares of the company’s stock traded hands, compared to its average volume of 3,316,501. Cloudera has a 52 week low of $10.07 and a 52 week high of $22.42. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -4.52 and a beta of 1.66.

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CLDR has been the subject of several recent research reports. Wells Fargo & Co initiated coverage on shares of Cloudera in a research note on Tuesday, January 22nd. They set an outperform rating and a $20.00 target price for the company. ValuEngine lowered shares of Cloudera from a buy rating to a hold rating in a research note on Monday, February 4th. Northland Securities initiated coverage on shares of Cloudera in a research note on Wednesday, January 9th. They set an outperform rating and a $15.00 target price for the company. Zacks Investment Research upgraded shares of Cloudera from a hold rating to a buy rating and set a $15.00 target price for the company in a research note on Monday, February 11th. Finally, Barclays initiated coverage on shares of Cloudera in a research note on Monday. They set an equal weight rating and a $16.00 target price for the company. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $20.56.

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About Cloudera

Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.